Yesterday, Curve's founder sold 54.5 million CRV tokens through OTC and other means, receiving a total of 21.8 million USDT. Part of the proceeds was used to repay borrowings in protocols like FXS, which helped mitigate market liquidation risks.
The buyers of Curve tokens include Justin Sun, Wintermute, DCF, DWF, Huang Licheng, Prisma Finance, Cream Finance, and other individuals or institutions. This breaks the monopoly of CRV's liquidity and may empower the Curve ecosystem in the future, which is a positive development for Curve in the medium to long term.
Other DeFi projects related to Curve have shown good performance, with CRV, FXS, and CVS tokens rising by over 25%, 20%, and 15% respectively from the bottom. Trading volumes continue to grow, and the community's interest is very high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.